Apple Hospitality REIT (APLE) Stock Forecast, Price Target & Predictions
APLE Stock Forecast
Apple Hospitality REIT stock forecast is as follows: an average price target of $18.00 (represents a 14.58% upside from APLE’s last price of $15.71) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
APLE Price Target
The average price target for Apple Hospitality REIT (APLE) is $18.00 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $18.00 to $18.00. This represents a potential 14.58% upside from APLE's last price of $15.71.
APLE Analyst Ratings
According to 4 Wall Street analysts, Apple Hospitality REIT's rating consensus is 'Buy'. The analyst rating breakdown for APLE stock is 0 'Strong Buy' (0.00%), 3 'Buy' (75.00%), 1 'Hold' (25.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Apple Hospitality REIT Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Dec 09, 2024 | Ari Klein | BMO Capital | $18.00 | $16.05 | 12.15% | 14.58% |
| Feb 02, 2023 | Wells Fargo | $18.00 | $18.14 | -0.77% | 14.58% | |
| Apr 22, 2022 | Oppenheimer | $23.00 | $17.79 | 29.29% | 46.40% |
The latest Apple Hospitality REIT stock forecast, released on Dec 09, 2024 by Ari Klein from BMO Capital, set a price target of $18.00, which represents a 12.15% increase from the stock price at the time of the forecast ($16.05), and a 14.58% increase from APLE last price ($15.71).
Apple Hospitality REIT Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 1 |
| Avg Price Target | $18.00 | $18.00 | $18.00 |
| Last Closing Price | $15.71 | $15.71 | $15.71 |
| Upside/Downside | 14.58% | 14.58% | 14.58% |
In the current month, the average price target of Apple Hospitality REIT stock is $18.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 14.58% increase as opposed to Apple Hospitality REIT's last price of $15.71. This month's average price target is down 0.00% compared to last quarter, and down 0.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Dec 09, 2024 | BMO Capital | Outperform | Initialise | |
| Oct 04, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Jun 03, 2024 | Wedbush | Neutral | Initialise | |
| Mar 30, 2023 | Wells Fargo | Equal-Weight | Overweight | Upgrade |
| Feb 02, 2023 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Aug 29, 2022 | Wells Fargo | Underweight | Upgrade |
Apple Hospitality REIT's last stock rating was published by BMO Capital on Dec 09, 2024. The company Initialise its APLE rating from "null" to "Outperform".
Apple Hospitality REIT Financial Forecast
Apple Hospitality REIT Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $358.26M | $361.63M | $311.45M | $299.12M | $341.15M | $337.67M | $260.48M | $250.59M | $277.16M | $247.40M | $158.71M | $133.97M | $148.83M | $81.08M | $238.01M | $289.97M | $331.72M |
| Avg Forecast | $346.16M | $398.29M | $411.43M | $347.25M | $336.21M | $387.41M | $399.53M | $337.40M | $327.04M | $379.68M | $387.51M | $327.33M | $302.46M | $352.82M | $352.38M | $294.73M | $292.68M | $331.06M | $323.86M | $256.12M | $243.40M | $250.89M | $213.01M | $151.78M | $144.08M | $143.82M | $90.59M | $250.71M | $288.96M | $329.23M |
| High Forecast | $349.05M | $401.62M | $414.86M | $350.15M | $339.01M | $390.64M | $402.86M | $340.21M | $331.29M | $380.93M | $387.51M | $327.33M | $310.12M | $353.85M | $355.32M | $297.18M | $295.12M | $331.06M | $323.86M | $256.12M | $243.40M | $250.89M | $213.01M | $151.78M | $144.08M | $143.82M | $90.59M | $250.71M | $288.96M | $329.23M |
| Low Forecast | $342.39M | $393.96M | $406.95M | $343.47M | $332.55M | $383.19M | $395.18M | $333.72M | $324.80M | $378.43M | $387.51M | $327.33M | $297.81M | $350.99M | $348.55M | $291.52M | $289.49M | $331.06M | $323.86M | $256.12M | $243.40M | $250.89M | $213.01M | $151.78M | $144.08M | $143.82M | $90.59M | $250.71M | $288.96M | $329.23M |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 16 | 8 | 11 | 7 | 11 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.03% | 1.06% | 1.02% | 1.03% | 1.04% | 1.02% | 1.03% | 1.10% | 1.16% | 1.05% | 0.93% | 1.03% | 0.90% | 0.95% | 1.00% | 1.01% |
Apple Hospitality REIT's average Quarter revenue forecast for Dec 23 based on 3 analysts is $302.46M, with a low forecast of $297.81M, and a high forecast of $310.12M. APLE's average Quarter revenue forecast represents a -15.58% decrease compared to the company's last Quarter revenue of $358.26M (Sep 23).
Apple Hospitality REIT EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 16 | 8 | 11 | 7 | 11 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $86.23M | $93.54M | $95.15M | $89.58M | $118.76M | $126.07M | $78.16M | $73.18M | $92.07M | $85.37M | $20.90M | $17.37M | $27.82M | $-9.90M | $62.47M | $90.00M | $109.01M |
| Avg Forecast | $100.79M | $115.97M | $119.79M | $101.11M | $97.89M | $112.80M | $116.33M | $98.24M | $95.22M | $110.55M | $112.83M | $35.37M | $88.06M | $102.73M | $102.60M | $32.15M | $19.09M | $95.84M | $93.75M | $34.39M | $70.46M | $72.63M | $61.66M | $11.49M | $41.71M | $41.63M | $26.22M | $126.49M | $83.65M | $95.30M |
| High Forecast | $101.63M | $116.94M | $120.79M | $101.95M | $98.71M | $113.74M | $117.30M | $99.06M | $96.46M | $110.91M | $112.83M | $42.44M | $90.30M | $103.03M | $103.46M | $38.59M | $22.90M | $95.84M | $93.75M | $41.27M | $70.46M | $72.63M | $61.66M | $13.79M | $41.71M | $41.63M | $26.22M | $151.79M | $83.65M | $95.30M |
| Low Forecast | $99.69M | $114.71M | $118.49M | $100.01M | $96.83M | $111.57M | $115.06M | $97.17M | $94.57M | $110.18M | $112.83M | $28.30M | $86.71M | $102.19M | $101.48M | $25.72M | $15.27M | $95.84M | $93.75M | $27.51M | $70.46M | $72.63M | $61.66M | $9.19M | $41.71M | $41.63M | $26.22M | $101.19M | $83.65M | $95.30M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.84% | 0.91% | 2.96% | 4.69% | 1.24% | 1.34% | 2.27% | 1.04% | 1.27% | 1.38% | 1.82% | 0.42% | 0.67% | -0.38% | 0.49% | 1.08% | 1.14% |
3 analysts predict APLE's average Quarter EBITDA for Dec 23 to be $88.06M, with a high of $90.30M and a low of $86.71M. This is 2.13% upper than Apple Hospitality REIT's previous annual EBITDA (Sep 23) of $86.23M.
Apple Hospitality REIT Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 16 | 8 | 11 | 7 | 11 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $58.51M | $65.29M | $32.92M | $2.31M | $59.15M | $65.34M | $18.00M | $13.22M | $31.76M | $20.28M | $-46.44M | $-51.25M | $-40.95M | $-78.24M | $-2.77M | $25.45M | $46.22M |
| Avg Forecast | $31.27M | $66.14M | $79.36M | $37.28M | $28.06M | $63.33M | $76.16M | $35.27M | $25.01M | $59.16M | $72.63M | $8.15M | $24.65M | $58.32M | $67.34M | $7.41M | $-56.31M | $57.32M | $54.49M | $7.92M | $13.32M | $15.74M | $-2.42M | $-25.54M | $-34.51M | $-33.90M | $-84.76M | $-5.61M | $27.85M | $59.33M |
| High Forecast | $31.60M | $66.85M | $80.23M | $37.68M | $28.36M | $64.02M | $76.98M | $35.66M | $25.82M | $60.37M | $73.42M | $9.78M | $25.45M | $60.75M | $68.07M | $8.89M | $-45.05M | $57.32M | $54.49M | $9.51M | $13.32M | $15.74M | $-2.42M | $-20.43M | $-34.51M | $-33.90M | $-84.76M | $-4.49M | $27.85M | $59.33M |
| Low Forecast | $30.82M | $65.20M | $78.24M | $36.75M | $27.66M | $62.43M | $75.08M | $34.77M | $24.21M | $57.96M | $71.60M | $6.52M | $23.06M | $57.50M | $66.39M | $5.92M | $-67.58M | $57.32M | $54.49M | $6.34M | $13.32M | $15.74M | $-2.42M | $-30.65M | $-34.51M | $-33.90M | $-84.76M | $-6.73M | $27.85M | $59.33M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 0.97% | 4.45% | -0.04% | 1.03% | 1.20% | 2.27% | 0.99% | 2.02% | -8.38% | 1.82% | 1.48% | 1.21% | 0.92% | 0.49% | 0.91% | 0.78% |
Apple Hospitality REIT's average Quarter net income forecast for Dec 23 is $24.65M, with a range of $23.06M to $25.45M. APLE's average Quarter net income forecast represents a -57.87% decrease compared to the company's last Quarter net income of $58.51M (Sep 23).
Apple Hospitality REIT SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 16 | 8 | 11 | 7 | 11 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $41.85M | $43.04M | $11.46M | $12.25M | $10.27M | $10.31M | $9.64M | $11.22M | $13.26M | $8.44M | $8.12M | $7.10M | $6.73M | $6.03M | $9.52M | $10.73M | $9.04M |
| Avg Forecast | $13.22M | $15.21M | $15.71M | $13.26M | $12.84M | $14.79M | $15.25M | $12.88M | $12.49M | $14.50M | $14.80M | $4.36M | $11.55M | $13.47M | $13.45M | $3.97M | $59.75M | $12.64M | $12.36M | $4.24M | $9.29M | $9.58M | $8.13M | $4.47M | $5.50M | $5.49M | $3.46M | $19.28M | $11.03M | $12.57M |
| High Forecast | $13.33M | $15.33M | $15.84M | $13.37M | $12.94M | $14.91M | $15.38M | $12.99M | $12.65M | $14.54M | $14.80M | $5.23M | $11.84M | $13.51M | $13.57M | $4.76M | $71.70M | $12.64M | $12.36M | $5.09M | $9.29M | $9.58M | $8.13M | $5.36M | $5.50M | $5.49M | $3.46M | $23.14M | $11.03M | $12.57M |
| Low Forecast | $13.07M | $15.04M | $15.54M | $13.11M | $12.70M | $14.63M | $15.09M | $12.74M | $12.40M | $14.45M | $14.80M | $3.49M | $11.37M | $13.40M | $13.31M | $3.17M | $47.80M | $12.64M | $12.36M | $3.39M | $9.29M | $9.58M | $8.13M | $3.57M | $5.50M | $5.49M | $3.46M | $15.43M | $11.03M | $12.57M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.11% | 3.20% | 2.89% | 0.20% | 0.81% | 0.83% | 2.27% | 1.21% | 1.38% | 1.04% | 1.82% | 1.29% | 1.22% | 1.74% | 0.49% | 0.97% | 0.72% |
Apple Hospitality REIT's average Quarter SG&A projection for Dec 23 is $11.55M, based on 3 Wall Street analysts, with a range of $11.37M to $11.84M. The forecast indicates a -72.41% fall compared to APLE last annual SG&A of $41.85M (Sep 23).
Apple Hospitality REIT EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 16 | 8 | 11 | 7 | 11 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.26 | $0.29 | $0.14 | $0.01 | $0.26 | $0.29 | $0.08 | $0.06 | $0.14 | $0.09 | $-0.21 | $-0.23 | $-0.18 | $-0.35 | $-0.01 | $0.11 | $0.21 |
| Avg Forecast | $0.13 | $0.28 | $0.33 | $0.15 | $0.12 | $0.26 | $0.32 | $0.15 | $0.10 | $0.25 | $0.30 | $0.15 | $0.10 | $0.24 | $0.28 | $0.12 | $0.12 | $0.24 | $0.23 | $0.06 | $0.06 | $0.07 | $-0.01 | $-0.13 | $-0.14 | $-0.14 | $-0.35 | $0.04 | $0.12 | $0.24 |
| High Forecast | $0.13 | $0.28 | $0.33 | $0.16 | $0.12 | $0.27 | $0.32 | $0.15 | $0.11 | $0.25 | $0.31 | $0.15 | $0.11 | $0.25 | $0.28 | $0.12 | $0.12 | $0.24 | $0.23 | $0.06 | $0.06 | $0.07 | $-0.01 | $-0.13 | $-0.14 | $-0.14 | $-0.35 | $0.04 | $0.12 | $0.24 |
| Low Forecast | $0.13 | $0.27 | $0.33 | $0.15 | $0.12 | $0.26 | $0.31 | $0.14 | $0.10 | $0.24 | $0.30 | $0.15 | $0.10 | $0.24 | $0.28 | $0.12 | $0.12 | $0.24 | $0.23 | $0.06 | $0.06 | $0.07 | $-0.01 | $-0.13 | $-0.14 | $-0.14 | $-0.35 | $0.04 | $0.12 | $0.24 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.07% | 1.04% | 1.17% | 0.08% | 1.10% | 1.29% | 1.45% | 1.05% | 2.15% | -9.00% | 1.62% | 1.61% | 1.29% | 1.00% | -0.25% | 0.96% | 0.86% |
According to 3 Wall Street analysts, Apple Hospitality REIT's projected average Quarter EPS for Dec 23 is $0.10, with a low estimate of $0.10 and a high estimate of $0.11. This represents a -60.58% decrease compared to APLE previous annual EPS of $0.26 (Sep 23).
Apple Hospitality REIT Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SVC | Service Properties Trust | $2.46 | $6.00 | 143.90% | Buy |
| PEB | Pebblebrook Hotel Trust | $13.75 | $18.81 | 36.80% | Buy |
| RHP | Ryman Hospitality Properties | $106.75 | $133.00 | 24.59% | Buy |
| APLE | Apple Hospitality REIT | $15.71 | $18.00 | 14.58% | Buy |
| HST | Host Hotels & Resorts | $18.22 | $20.00 | 9.77% | Buy |
| PK | Park Hotels & Resorts | $15.07 | $16.50 | 9.49% | Buy |
| DRH | DiamondRock Hospitality | $9.34 | $10.00 | 7.07% | Hold |
| RLJ | RLJ Lodging Trust | $10.28 | $10.00 | -2.72% | Hold |
| SHO | Sunstone Hotel Investors | $12.12 | $11.17 | -7.84% | Hold |